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A lthough e-mail and instant messages (IMs) are the electronic
equivalent of DNA evidence, few companies consider the risks
associated with them. In fact, according to a 2004 survey, one in five
U.S. companies has had employee e-mails subpoenaed in lawsuits or
regulatory investigations and 13% have battled workplace lawsuits
triggered by employee e-mail.

What to do? Every firm should have a written policy explaining which
e-mails and IMs employees should retain, as 41% of the surveyed
organizations have done. You also should conduct e-mail policy
training classes that explain what kind of content could conceivably
damage a company in court.

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.